WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
CBD Skincare Market Expected To Experience Tremendous Growth Image Cannabis NewsOctober 16, 2024 The overall cannabidiol (CBD) industry has experienced significant growth in recent years due to regulatory reforms and increased demand by consumers and patients. One sector that is witnessing the most growth is the CBD skincare market, which is projec
Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes Image Cannabis NewsOctober 15, 2024 On a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%. According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and chal
Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures Image Cannabis NewsOctober 14, 2024 Violations, dating back to 2021, included facility maintenance issues such as unsecured doors and gaps in ducts. Massachusetts cannabis regulators have fined two prominent companies, Ascend Wellness Holdings and Curaleaf Holdings, for violation
Justice Dept. Urges Court To Uphold Federal Cannabis Ban In High-Profile Case Image Cannabis NewsOctober 14, 2024 The DOJ defends federal cannabis prohibition, citing Supreme Court precedent, despite state-level legalization. The U.S. Department of Justice has urged a federal appeals court to maintain the nationwide ban on cannabis, defending Congr
The Ever-Evolving Cannabis Industry: These Are Latest Leadership Changes You Should Know About Image Cannabis NewsOctober 11, 2024 The U.S. Hemp Roundtable Taps Two Prominent Executives In Hemp Beverage Space Into Its Ranks The U.S. Hemp Roundtable made headlines in early September as its board of directors welcomed two distinguished leaders from t
Epic Cannabis Fails You Should Know About: MedMen, Eaze And Others Go Down In California Meltdowns Image Cannabis NewsOctober 11, 2024 MedMen was once celebrated as the 'Apple Store of Weed and reached a $2 billion valuation. By April 2024, MedMen had filed for bankruptcy. As California's cannabis market expanded after legalization, several leading
Cannabis Giant Canopy Expands US Presence With Acquisition Of Top Edibles Brand: What It Means For Investors Image Cannabis NewsOctober 10, 2024 The deal includes Wana Wellness, LLC, The CIMA Group, LLC and Mountain High Products, LLC. Canopy Growth Corporation announced on Wednesday that Canopy USA, LLC has completed its acquisition of Wana. The d
Nasdaq-Listed Cannabis Company Eyes Germany's New Hemp Legislation With Intense Interest Image Cannabis NewsOctober 10, 2024 Flora Growth is eyeing Germany's new hemp legislation as a major opportunity, with plans to enter the market soon. Publicly traded Flora Growth Corp. is closely monitoring Germany's newly approved legislation on industrial he
Hemp industry in California fights emergency regulations Image Cannabis NewsOctober 10, 2024 Jonathan Miller: "We were shocked by the new emergency regulations." The hemp industry in California is under rising pressure after Governor Gavin Newsom issued emergency regulations that effectively hinder further development of the industry, according to
Tax Changes Could Unlock 'Hundreds Of Millions In Cash Flow' For Cannabis Sector, Experts Predict Image Cannabis NewsOctober 9, 2024 Aaron Grey said at Benzinga's Cannabis Capital Conference that the removal of 280E will be transformative for cannabis operators. “The fall of 280E will be the single most impactful moment for cannabis operators in de
California's New Hemp Rules Could Reshape Cannabis: 'A Different Set Of Rules In Every State' Image Cannabis NewsOctober 7, 2024 California's new restrictions on the sale of hemp products have sparked debate within the cannabis community. As California moves forward with emergency regulations on hemp, concerns are growing about the potential conseq
Cannabis In Europe: From Marijuana Busts To New Industry Partnerships, Here's What's New In Poland, Greece And UK Image Cannabis NewsOctober 7, 2024 Hemp&Health agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns the Voyager Genetics brand. New Polish And Portuguese Hemp Partnership Hemp&Health, a Polish medical cann
NY Cannabis Market Soars To $654M But Equity Licensees Are Left Behind, Report Finds Image Cannabis NewsOctober 4, 2024 Despite increasing revenue, over 200 retail license holders, especially social equity programs, remain in limbo. A report filed with the New York State Legislature on Oct. 1 by the Office of Cannabis Management (OCM) and the Canna
Ohio Cannabis Market Soars To $76M In Less Than 2 Months But Michigan Remains The Leader Image Cannabis NewsOctober 3, 2024 When Ohio recreational cannabis shops officially opened their doors on Aug. 6, sales zoomed to over $22.5 million in the first 12 days. Ohio's recreational marijuana industry is gaining momentum, with sales reaching $76.3 mill
Colorado among states with biggest decline in cannabis tax revenue as more states legalize Image Cannabis NewsOctober 3, 2024 Colorado's marijuana sales and tax revenue are back on the decline after a hopeful end to 2023, indicating there's more fueling the market than simply recovering from the pandemic. The falling demand is largely due to two ma
UK Could Net Up To $12.6B Annually From Cannabis Legalization Image Cannabis NewsOctober 2, 2024 Cannabis legalization in the UK could generate $4.38 to $12.6 billion in annual tax revenue, according to a report by advocacy group CLEAR. The United Kingdom could generate between $4.38 billion and $12.6 billion annually in tax revenue by legalizing a
